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Correct. Just read about the history of money and this will be crystal clear. Chinese peasants used rice as fiat since there was no trust in the constantly collapsing Chinese Dynasties. Roman's used silver, gold & copper as fiat especially when they found new deposits.

Electricity costs have already skyrocketed here in California thanks to our slick willy governor who never saw a rate hike he didn't rubber stamp yes on. California's CPUC are all Newsom buddies & former PG&E lobbyists.

Who are these new competitors besides AMD? AMD is at least 2-3 years away from product that will equal Blackwell. There are no competitors right now. They are being funded at the VC level but they are likely further behind than AMD is. NVDA will $150 by the next earnings report.

This is a meaningless debate. No one will be swayed in either direction. I mean Trump lost all the debates against Hillary & she still lost.

IV is insanely high. The ETF that sells calls on COIN, CONY has an insane dividend yield. Something like 7%/month I believe.

The ultimate Dog with fleas just like that other POS CSCO. Bet you the open will be the high of the day. It's only worth betting on with options the day before.

I remember from June 2020 until about April 2021 I used to day trade any IPO that gaped higher than 20% at the open and most of the time I made like 10-50%. I think the only one that this strategy failed on was AirBnB. This worked amazingly well before Moderna came up with the vaccine since most...

I'm surprised Morgan Stanley isn't up there considering they are purported to have the best PWM division at least for HNW clients. The first four are all big providers of 401K so that makes sense. I wonder why Vanguard beat out Fidelity & SSGA by so much over the years? My first job's 401K was...

TLDR: Bogle & Buffet were right to never better against the US. I think a big part of the problem is China & Europe have chosen policies that don't really encourage the growth of large tech companies which is at the core of the outperformance in the US. China doesn't want anyone challenging...

The WikiLeaks emails definitely hurt Clinton. It was quite explicit on her megalomania & hubris that she could easily beat an "idiot" like Trump. If you read the emails she is a master Machiavellian character. It was her plan to make Trump the candidate since she was sure could easily beat him...

Looks like the Fed is just ignoring all the fiscal stimulus from the IRA. They don't seem interested anymore in raising rates. Even with that 275K NFP print I doubt they'll do anything. The labor shortage will not abate anytime soon so if you are looking for a drop in NFP numbers you'll be...

This is hilarious & gives legitimacy to the Cramer haters aka the fade Cramer crowd. This guy named multiple dogs after nVidia and he still tells people to sell. These guys have no conscience.

I think in the end that was her fatal mistake -- overvaluing TSLA & undervaluing NVDA. TSLA looks more & more like a bloated pig & NVDA looks like it is going to $6 trillion in market cap. What a disaster she was & still is. Of course at this point you look foolish buying a $1100 stock you sold...

What was the point of negative rate bonds in Germany, France, etc? It was obvious to anyone with a few braincells that the only buyers were the ECB or speculators hoping it would go even more negative. It was simply a transfer of wealth from the middle & upper middle class to the upper class...

Meme stock = dying companies that only exist due to naked shorting. GME, AMC, DJT, etc. have no future just heavily short junk. BBBY is already gone, soon to be joined by these pathetic companies.

I would say the article is accurate, I don't know about the details. I've read biographies & seen documentaries about Trump and they seem inline. In 2012 Trump was going to run but he thought the time wasn't right for his type of politics, and he was right, so he endorsed Romney instead. The...

The only comparison is Cisco in the 2000 bubble burst or RCA in the 1929 crash. Before Cisco's fall from grace it was sporting a trailing P/E of 1000. Currently NVDA would have to rise 20X to achieve a 1000 P/E.

The real action & outperformance in fixed income is in the BDCs & Private Credit. Blue Owl Capital is up 10% + 5% divided this year alone. In 2023 they were up big as well. Then there is Ares Capital, FS-KKR, Bain Capital, etc. There is also the CLO markets which have done very well. I own 2...

Round Table is probably the most expensive fast food Pizzeria at least here in the East Bay. I used to work in the Fremont location back in the mid 1980s and even then it was like 50-60% more expensive than Domino's or Straw Hat. I think an extra large Pepperoni is like $50 now (it was $25 back...

Is there anybody dumber than Al Gore? I notice he doesn't even trot out his failed predictions from his worthless film anymore (An Inconvenient Truth).